The Role for Counter-Cyclical Fiscal Policy in Singapore / / Leif Eskesen
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| Autore: |
Eskesen Leif
|
| Titolo: |
The Role for Counter-Cyclical Fiscal Policy in Singapore / / Leif Eskesen
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (18 p.) |
| Disciplina: | 339.015195 |
| Soggetto topico: | Fiscal policy - Singapore |
| Economic policy | |
| Diffusion Processes | |
| Dynamic Quantile Regressions | |
| Dynamic Treatment Effect Models | |
| Econometric analysis | |
| Econometrics & economic statistics | |
| Econometrics | |
| Expenditure | |
| Expenditures, Public | |
| Fiscal Policies and Behavior of Economic Agents: General | |
| Fiscal Policy | |
| Fiscal policy | |
| Fiscal stimulus | |
| Macroeconomics | |
| National Government Expenditures and Related Policies: General | |
| Public finance & taxation | |
| Public Finance | |
| Revenue administration | |
| Revenue | |
| State Space Models | |
| Structural vector autoregression | |
| Taxation, Subsidies, and Revenue: General | |
| Time-Series Models | |
| Soggetto geografico: | Singapore |
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | Contents; I. Introduction; II. Cross-Country Evidence on the Counter-cyclical Role of Fiscal Policy; Figures; 1. Fiscal Multipliers from SVAR and Macroeconometric Models- Cross-Country Evidence; III. The Counter-cyclical Role of Fiscal Policy in Singapore; A. Empirical Approach; B. Empirical Results; 2. Fiscal Multipliers-SVAR Results; 3. Fiscal Multipliers-SVAR Results; IV. The Role for Fiscal Policy in the Current Downturn; V. Concluding Remarks; References |
| Sommario/riassunto: | Singapore's policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a structural autoregression framework suggest that fiscal policy can be used for demand management, although the impact may be somewhat short lived. The short-lived impact could reflect a number of factors, including the absence of credit-constrained economic agents, a high propensity to save among households, monetary focus on price stability, and leakages due to economic openness. Notwithstanding, fiscal policy should still play a key stabilizing role in the current downturn given the downside risks to growth and the vast fiscal space. |
| Titolo autorizzato: | The Role for Counter-Cyclical Fiscal Policy in Singapore |
| ISBN: | 9786612842306 |
| 9781462308361 | |
| 1462308368 | |
| 9781452795485 | |
| 1452795487 | |
| 9781282842304 | |
| 1282842307 | |
| 9781451871555 | |
| 1451871554 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910961922303321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2009/008